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Message
re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 10:11 am to JohnnyKilroy
Posted on 5/9/24 at 10:11 am to JohnnyKilroy
quote:
While the share of these homes is ticking up, it remains much lower than before the pandemic, when the rate was more than twice as high.
2020 bailed a lot of people out it seems
here is the report from 2019
quote:
Highest seriously underwater share in Louisiana, Mississippi, Arkansas, West Virginia
States with the highest share of seriously underwater properties were Louisiana (20.7 percent); Mississippi (17.1 percent); Arkansas (16.3 percent); West Virginia (16.2 percent); and Illinois (16.2 percent).
Among 99 metropolitan statistical areas analyzed in the report, those with the highest share of seriously underwater properties were Baton Rouge, Louisiana (21.3 percent); Scranton, Pennsylvania (20.0 percent); Youngstown, Ohio (19.2 percent); Toledo, Ohio (19.2 percent); and New Orleans, Louisiana (17.8 percent).
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